DXY holds above 93.00 even as US yields move off highs. USD/CHF heads for the highest close since July 16, 2020. The USD/CHF rose further after the beginning of the American session and peaked at 0.9438, the highest level since mid-July. The pair is holding firm above 0.9400, about to post the strongest close in eight months. The key upside driver in USD/CHF continues to be the US dollar and higher yields. The 10-year yield hit on Tuesday at 1.77%, a one-year high, while the DXY rose above 93.00 for the first time since November. The greenback is particularly higher versus European major currencies. U.S. stocks are lower. The Dow Jones is dipping 0.13%, and the Nasdaq is falling 0.35%. Economic data released on Tuesday showed the Conference Board Consumer Sentiment Index climbed to the highest in a year at 109.7 in Mach, significantly above expectations of 96.9. Another report, showed home prices measured by the S&P CoreLogic Case Shiller index, rose 11.2% in January from a year ago, the highest rate since 2006. On Friday, the Non-farm payroll report is due. From a technical perspective, the USD/CHF bullish tone remains intact even amid some overbought readings. A correction below 0.9375 could alleviate the bullish momentum. A consolidation above 0.9430 should point to more gains. The next strong barrier is seen at 0.9460. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: House price growth likely to slow toward 3% the end of the year – CE FX Street 8 months DXY holds above 93.00 even as US yields move off highs. USD/CHF heads for the highest close since July 16, 2020. The USD/CHF rose further after the beginning of the American session and peaked at 0.9438, the highest level since mid-July. The pair is holding firm above 0.9400, about to post the strongest close in eight months. The key upside driver in USD/CHF continues to be the US dollar and higher yields. The 10-year yield hit on Tuesday at 1.77%, a one-year high, while the DXY rose above 93.00 for the first time since November. The greenback is particularly higher… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
